header logo
Vallibel FD
vallible LE
Latest
Sri Lanka to ban arriving air passengers from wearing more than 22-carat gold
Sri Lanka to ban arriving air passengers from wearing more than 22-carat gold
Mobitel inner 1278

The government has decided to enforce the law against the air passengers who smuggle in gold into Sri Lanka, State Minister of Finance Ranjith Siyambalapitiya says.

 

Accordingly, air passengers will be banned from wearing gold jewellery valued more than 22 carats without the approval of the Controller General of Imports & Exports, the lawmaker said further.

 

Meanwhile, Customs officials have been instructed to use special techniques to ascertain the condition and quantities of gold items.

 

The gazette notification pertaining to this decision will be issued in the coming week, the state minister added.

 

He noted that migrant workers returning to the country or normal air passengers would not be affected by this move.

 

Misusing the relaxed restrictions on the quality or amount of gold jewellery that an air passenger is allowed to wear, the smugglers illegally bring in at least 50kg of gold per day, State Minister Siyambalapitiya explained.

 

Information revealed that some smugglers travel overseas daily and bring 24-carat gold ornaments with them.

 

According to the lawmaker, it is estimated that Sri Lanka incurs a loss of USD 30 million of foreign exchange per month.

 

The decision was taken after studying a report handed over by the Customs Director General to Finance State Minister Ranjith Siyambalapitiya recently.

 

 

 

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them (mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Comments

0
Comments are disabled

Note: Due to legal constraints, the Ada Derana Editorial team has taken a decision to disable comments on all articles concerning ongoing court procedures.

MostRead
Mobitel 1278
VideoStories
SEC backs key 2027 Budget proposals  to strengthen capital market

SEC backs key 2027 Budget proposals to strengthen capital market

‘AI Center of Excellence’ aims to develop industry-specific solutions-Dy Minister of Digital Economy

‘AI Center of Excellence’ aims to develop industry-specific solutions-Dy Minister of Digital Economy

JVP marks 37th November Heroes’ Day  under President’s patronage today

JVP marks 37th November Heroes’ Day under President’s patronage today

Debate on Second Reading of 2027 Budget  gets underway in Parliament

Debate on Second Reading of 2027 Budget gets underway in Parliament

SC clears PSTA Bill for passage with simple majority; Four amendments required at Committee Stage

SC clears PSTA Bill for passage with simple majority; Four amendments required at Committee Stage

 Rajangane Saddharathana involved inclash at A’pura protest siteThree monks takeninto police custody

Rajangane Saddharathana involved inclash at A’pura protest siteThree monks takeninto police custody

 2027 Budget deficit projected at Rs.1.75 trillion;Tax-free income threshold increased to Rs.162,500

2027 Budget deficit projected at Rs.1.75 trillion;Tax-free income threshold increased to Rs.162,500

President presents 2027 Budget in Parliament;Calls for national unity to build Sri Lanka’s future

President presents 2027 Budget in Parliament;Calls for national unity to build Sri Lanka’s future

Several areas including Colombo receive heavy rains | Rainfall likely to increase on Nov 14, 15 & 16

Several areas including Colombo receive heavy rains | Rainfall likely to increase on Nov 14, 15 & 16

 President to deliver 2027 Budget Speech tomorrow | Focus on macro picture of Budget – Dy Minister

President to deliver 2027 Budget Speech tomorrow | Focus on macro picture of Budget – Dy Minister

Pilotless passenger drone makes inaugural flight in Sri Lanka

Pilotless passenger drone makes inaugural flight in Sri Lanka

Contempt case against Dilith Jayaweera and 5 others; Further consideration adjourned to tomorrow

Contempt case against Dilith Jayaweera and 5 others; Further consideration adjourned to tomorrow

 Four killed, 70 injured in three-bus collision in Rambewa; Reckless overtaking & speeding suspected

Four killed, 70 injured in three-bus collision in Rambewa; Reckless overtaking & speeding suspected

 Cabinet approves $200mn ADB loan to boost SME Sector

Cabinet approves $200mn ADB loan to boost SME Sector

Colombo flooding examined at DCC meeting;

Colombo flooding examined at DCC meeting;

Lassana Flora